These are VERY different and require a very different approach and skill level.  

For appraisals, you'll need to look at comparable sales.For your own analysis, I'd recommend using the income approach to evaluation. 

I'm not sure if there's a problem with that approach and would like to hear other opinions. 

Currently I am approaching COE for a $180,000 home, and for the few months that my company will own the home I will pay around $2,000 in fees.

He's taking a conservative approach and living in the property for a year or two before renting it out.

If short term and/or at market the best way to value is direct sales comparison of other similar properties that have market rents minus some lease up expenses.If there are long term leases above or below market then you'd use the income approach. 

However, to me it sounds as if your lawyer is taking a very conservative approach to this deal. 

Can anyone give me some advice in the best way I should approach this both financially, legally and timely. 

I really thought the hands off approach would be catastrophic and lead to delays and incorrect work being done.

My loan officer has now also changed her story, saying that I need to occupy this property for at least 12mos before I am allowed to rent it.Under these circumstances, which is the best approach to acquiring this property?